🕯When there is a long consolidation, the indicators change literally every day.
Today I woke up and looked more globally at the picture of what is happening in the market.
1) Bitcoin is currently playing out wyckoff distribution schematic.
2) price as 4 cycle
Accumulation,markup, distribution,markdown.
3) Accumulation &markup is done ✅
so we are in overbought area of bitcoin. That is distribution phase.
4) compare above both images.
We complete BC,AR,ST,UT
Now possible to market go down ( where market show some minor weakness)
5) After weakens that retailers will open short then marketmakers will move price to keep on pumping above up trust
6) Finally from there fall 🍂
Market makers in profit, we follow them🚀